Company raises cash dividends for 26th consecutive year

  • Republic Bancorp raises quarterly dividend for Class A and Class B common shares
  • New dividends of 40.7 cents per share for Class A common stock and 37 cents per share for Class B common stock
  • Dividends payable on April 19 to shareholders of record as of March 15
  • Annualized dividend yield of 3.2% for Class A shares and 2.9% for Class B shares
  • Republic Bancorp has raised cash dividends for 26 consecutive years

Republic Bancorp, the parent company of Republic Bank & Trust Company, has announced an increase in the quarterly dividend for its Class A and Class B common shares. The new dividends of 40.7 cents per share for Class A common stock and 37 cents per share for Class B common stock will be payable on April 19 to shareholders of record as of March 15. With a closing share price of $50.85 on January 23, this increase results in an annualized dividend yield of 3.2% for Class A shares and 2.9% for Class B shares. This marks the 26th consecutive year that Republic Bancorp has raised its cash dividends, demonstrating the company’s commitment to providing value to its shareholders.

Public Companies: Republic Bancorp (N/A), Republic Bank & Trust Company (N/A)
Private Companies:
Key People:

Factuality Level: 9
Justification: The article provides factual information about Republic Bancorp’s board approving increases to the quarterly dividend for the company’s Class A and Class B common shares. It includes specific details such as the new dividend amounts, the payment date, and the record date. The information about the annualized dividend yield is based on the closing share price. The statement about the company raising its cash dividends for 26 consecutive years is presented as a claim made by the company.

Noise Level: 8
Justification: The article provides basic information about Republic Bancorp’s dividend increase, but it lacks any analysis, context, or insights. It is a straightforward announcement without any additional information or implications.

Financial Relevance: Yes
Financial Markets Impacted: Republic Bancorp and its subsidiaries

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Republic Bancorp’s approval of increased dividends for its Class A and Class B common shares. There is no mention of an extreme event.

Reported publicly: www.marketwatch.com